tax incentives

R&D investment in Australia has now been in decline for a decade and sits below the OECD average Labor wants to increase the figure from the current 1.9% of GDP to 3% by 2030 Businesses collaborating with universities or CSIRO scientists will receive a 10% premium R&D tax incentive The proposal is expected to cost… Read more »

Today the Senate has passed a new tax incentives for early stage investors and a scheme to improve access to capital for VCs. These two initiatives are designed to make investment for Australian startups more attractive and were measures first announced in December last year as part of the Government’s National Innovation and Science Agenda (NISA).